Standby Letter of Credit Specialist - Operations

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Bring Your Standby Letter of Credit Expertise to a Team Where It Matters

At U.S. Bank, we're committed to helping our clients and communities make smarter financial decisions while enabling the growth and success of businesses around the world. As a Standby Letter of Credit Specialist, you'll play a vital role in supporting sophisticated commercial and corporate clients by managing complex standby letter of credit transactions that help drive business forward. This is not a traditional operations role. We are seeking a highly skilled standby letter of credit professional who thrives on navigating complex transactions, collaborating with business partners, and serving as a trusted subject matter expert. If you enjoy balancing client needs, regulatory requirements, and risk management while working on challenging and impactful transactions, we'd love to meet you. What You'll Do As a key member of Global Trade & Standby Services (GTSS), you will manage and administer a portfolio of standby letters of credit throughout the full transaction lifecycle. You'll partner with Relationship Managers, Credit, Compliance, Legal, clients, beneficiaries, and other stakeholders to deliver exceptional service and sound risk management. Key Responsibilities

• Draft, structure, and negotiate standby letter of credit language and terms while ensuring alignment with bank standards and client requirements.
• Manage the complete standby letter of credit lifecycle, including issuance, amendments, renewals, advising, confirmations, draws, and releases.
• Support complex standby letter of credit structures, including syndicated facilities, direct-pay and IRB support transactions, counter standby letters of credit, and counter-counter standby letters of credit.
• Verify required credit approvals and facility availability before processing transactions.
• Apply industry rules and standards including ISP98 and UCP 600 to support transaction execution and client guidance.
• Review draw presentations and associated documentation for compliance with letter of credit terms.
• Identify discrepancies, communicate findings, and coordinate timely resolutions with stakeholders.
• Serve as a trusted point of contact for clients, beneficiaries, Relationship Managers, Legal, Compliance, and internal business partners.
• Monitor a high-volume portfolio while maintaining accuracy, service excellence, and operational controls.
• Escalate exceptions, operational risks, and urgent issues while providing meaningful insights on portfolio trends and activity.

What Makes This Role Exciting Work on Complex, High-Impact Transactions You'll support sophisticated standby letter of credit structures that require critical thinking, technical expertise, and collaboration across multiple business lines. Be the Subject Matter Expert Your knowledge and judgment will help shape transaction structures, mitigate risk, and support clients in achieving their business goals. Build Valuable Partnerships Collaborate daily with Relationship Managers, Credit Officers, Legal Counsel, Compliance teams, clients, beneficiaries, and industry professionals. Expand Your Career Develop deep expertise in a specialized area of international and commercial banking that remains highly valued across the financial industry. Schedule & Location

• Location: 3+ days at either Saint Paul, Charlotte, Portland
• Schedule: Monday–Friday | 8:00 a.m. – 5:00 p.m. local time

Basic Qualifications

• High school diploma or equivalent
• Six or more years of relevant work experience

Preferred Skills/Experience We're particularly interested in professionals who bring:

• Deep expertise in standby letters of credit, including drafting, issuance, amendments, negotiations, and draw processing
• Strong understanding of standby letter of credit structures and associated risks
• Working knowledge of ISP98 and/or UCP 600
• Experience partnering with Relationship Managers, Credit, Compliance, Legal, and clients to resolve complex issues
• Strong negotiation and stakeholder management skills
• Ability to interpret client requirements and translate them into clear, enforceable letter of credit language
• Exceptional attention to detail and risk awareness
• Proven ability to manage multiple deadlines and high transaction volumes with accuracy
• Strong analytical, problem-solving, and decision-making capabilities
• Excellent verbal and written communication skills
• Proficiency with Microsoft Office and experience using letter of credit processing and workflow systems

What Success Looks Like

Successful candidates will:

• Independently manage complex standby letter of credit transactions.
• Develop trusted relationships with business partners and clients.
• Demonstrate strong technical expertise and sound risk judgment.
• Deliver accurate, timely, and compliant transaction processing.
• Drive issues to resolution while maintaining an exceptional client experience.
• Contribute to operational excellence and continuous improvement efforts.

Location Expectations This role requires working from a U.S. Bank location three (3) or more days per week. If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our [disability accommodations for applicants](#). Benefits: Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status [here](#). U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law. E-Verify U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the [E-Verify program](#). The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $75,820.00 - $89,200.00 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. Posting may be closed earlier due to high volume of applicants.